Outpost.com Reorganizes To Strengthen Business

KENT, Conn., April 13 /PRNewswire/ --
Outpost.com (Cyberian Outpost, Nasdaq: COOL), a leading global Internet
retailer of consumer technology products, announced today that it has decided
to refocus its industry-leading consumer business and reduce its work force by
110 employees, or 30%.
"We are refocusing Outpost.com to concentrate on our industry-leading
business-to-consumer electronics business. As far as our customers are
concerned, it is business as usual," said CEO and President Darryl Peck. "Our
wide array of high-end consumer and technology products are ready for
purchase. All of the elements that earned us the designation as one of the
top-rated consumer shopping experiences on the Web are still in place."
Outpost.com earned Bizrate.com's "Circle of Excellence Award" for the most
recent holiday shopping season and the 1999, 2000 and 2001 #1 Power Ranking
for Computing by Forrester Research. The company's Customer Service Center is
unmatched in the industry.
Outpost also appointed Darryl Peck, the Company's Founder and Chairman, as
its Chief Executive Officer and President, replacing Katherine Vick, who
notified Outpost yesterday that she believed she had been constructively
terminated from her position as Outpost's Chief Executive Officer and
President. Ms. Vick, along with a second board member, James E. Preston, have
resigned from the Board of Directors.
This press release contains forward-looking statements, including
statements about our intention to cut costs, explore strategic alternatives
and pursue profitability. The statements in this release are not guarantees of
future performance and actual results could differ materially from current
expectations as a result of numerous factors. Potential risks and
uncertainties include, but are not limited to: the availability of continued
financing; the Company's ability to address its financing obligations in light
of its existing debt obligations and market conditions; the results of efforts
to implement the company's business strategy, including filing for
restructuring; the Company's may be unable to enter into strategic
alternatives on favorable terms or at all, computer sales may continue to
slow, and/or its average order size may decrease; the ability to attract and
retain key personnel and customers; actual results in connection with
continuing or discontinued operations and other risks detailed in the
Company's reports filed with the Securities and Exchange Commission.

SOURCE Outpost.com

KENT, Conn., April 13 /PRNewswire/ --
Outpost.com (Cyberian Outpost, Nasdaq: COOL), a leading global Internet
retailer of consumer technology products, announced today that it has decided
to refocus its industry-leading consumer business and reduce its work force by
110 employees, or 30%.
"We are refocusing Outpost.com to concentrate on our industry-leading
business-to-consumer electronics business. As far as our customers are
concerned, it is business as usual," said CEO and President Darryl Peck. "Our
wide array of high-end consumer and technology products are ready for
purchase. All of the elements that earned us the designation as one of the
top-rated consumer shopping experiences on the Web are still in place."
Outpost.com earned Bizrate.com's "Circle of Excellence Award" for the most
recent holiday shopping season and the 1999, 2000 and 2001 #1 Power Ranking
for Computing by Forrester Research. The company's Customer Service Center is
unmatched in the industry.
Outpost also appointed Darryl Peck, the Company's Founder and Chairman, as
its Chief Executive Officer and President, replacing Katherine Vick, who
notified Outpost yesterday that she believed she had been constructively
terminated from her position as Outpost's Chief Executive Officer and
President. Ms. Vick, along with a second board member, James E. Preston, have
resigned from the Board of Directors.
This press release contains forward-looking statements, including
statements about our intention to cut costs, explore strategic alternatives
and pursue profitability. The statements in this release are not guarantees of
future performance and actual results could differ materially from current
expectations as a result of numerous factors. Potential risks and
uncertainties include, but are not limited to: the availability of continued
financing; the Company's ability to address its financing obligations in light
of its existing debt obligations and market conditions; the results of efforts
to implement the company's business strategy, including filing for
restructuring; the Company's may be unable to enter into strategic
alternatives on favorable terms or at all, computer sales may continue to
slow, and/or its average order size may decrease; the ability to attract and
retain key personnel and customers; actual results in connection with
continuing or discontinued operations and other risks detailed in the
Company's reports filed with the Securities and Exchange Commission.
SOURCE Outpost.com